ePlus (NASDAQ:PLUS) Stock Rating Lowered by Wall Street Zen

ePlus (NASDAQ:PLUS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts also recently commented on the company. Zacks Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus presently has a consensus rating of “Hold”.

ePlus Trading Down 2.1%

Shares of NASDAQ:PLUS opened at $87.21 on Friday. ePlus has a 52 week low of $53.83 and a 52 week high of $93.98. The company’s 50 day moving average is $88.87 and its two-hundred day moving average is $78.14. The company has a market cap of $2.31 billion, a PE ratio of 18.92, a P/E/G ratio of 1.14 and a beta of 1.02.

ePlus (NASDAQ:PLUS) last issued its earnings results on Thursday, November 6th. The software maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. ePlus had a net margin of 5.40% and a return on equity of 11.44%. The firm had revenue of $608.83 million during the quarter, compared to the consensus estimate of $518.30 million. As a group, equities research analysts expect that ePlus will post 3.78 EPS for the current year.

Insider Transactions at ePlus

In other ePlus news, Director John E. Callies sold 560 shares of ePlus stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $90.03, for a total transaction of $50,416.80. Following the transaction, the director owned 21,428 shares of the company’s stock, valued at $1,929,162.84. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ePlus

Several large investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in ePlus in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC increased its stake in ePlus by 47.8% in the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Strengthening Families & Communities LLC purchased a new stake in shares of ePlus in the third quarter valued at about $31,000. Osaic Holdings Inc. boosted its stake in shares of ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after buying an additional 351 shares during the period. Finally, Quaker Wealth Management LLC grew its holdings in shares of ePlus by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after buying an additional 1,050 shares during the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Company Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.